Offering Incentives

India to Offer Multiple Incentives To Bolster Shipbuilding Industry

Credit: famingjia inventor/ unsplash
  • India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry.
  • It is a part of an effort to reduce the pain of high freight rates.
  • The plans include subsidies so that at least 50 new vessels can be built.

A 10 billion rupee ($123 million) maritime development fund is also likely to be established, they added, without providing further details.

Plan Unveiled

Finance Minister Nirmala Sitharaman is expected to announce...

https://mfame.guru/india-to-offer-multiple-incentives-to-bolster-shipbuilding-industry/

Top Asian Oil Refiner is Crediting its Refineries

  • China’s Sinopec Corp is offering its refineries incentives to boost their output of very low sulfur fuel oil (VLSFO).
  • Three sources with knowledge of the matter said, to grab a bigger share of the fast-growing marine fuel market.
  • The top Asian oil refiner is crediting its refineries 150 yuan ($23.35) for every tonne of VLSFO they produce.
  • It is roughly 5%of the spot marine fuel quoted at east China’s Zhoushan, the country’s top bunkering hub, they said.

A recent Reuters news source by Chen...

https://mfame.guru/top-asian-oil-refiner-is-crediting-its-refineries/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.